Bombay Dyeing up 4 pc on biz sale report
Bombay Dyeing & Manufacturing Co on Tuesday rallied 4 per cent following reports that the leading garment manufacturer is looking to sell one of its business units located in Pune.
By PTI |
MUMBAI: Bombay Dyeing & Manufacturing Co, the flagship firm of the Wadia Group, on Tuesday rallied 4 per cent following reports that the leading garment manufacturer is looking to sell one of its business units located in Pune. (Watch)
Reacting positively to the news, shares of Bombay Dyeing settled with a gain of 3.89 per cent to Rs 513.50 on the Bombay Stock Exchange. During market hours, the scrip hit an intra-day high of Rs 522, up nearly 6 per cent.
The company is looking to sell its polyester business located near Pune and is in talks with various players for the asset sale, a media report said.
On the National Stock Exchange the scrip settled up 4.37 per cent to Rs 514. On the volume front a total of over Rs 24 lakh shares of Bombay Dyeing changed hands on both the bourses.
Reacting positively to the news, shares of Bombay Dyeing settled with a gain of 3.89 per cent to Rs 513.50 on the Bombay Stock Exchange. During market hours, the scrip hit an intra-day high of Rs 522, up nearly 6 per cent.
The company is looking to sell its polyester business located near Pune and is in talks with various players for the asset sale, a media report said.
On the National Stock Exchange the scrip settled up 4.37 per cent to Rs 514. On the volume front a total of over Rs 24 lakh shares of Bombay Dyeing changed hands on both the bourses.
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